Welcome to Central Library, SUST
Amazon cover image
Image from Amazon.com
Image from Google Jackets

Monopsony in Law and Economics / Roger D. Blair, Jeffrey L. Harrison.

By: Contributor(s): Material type: TextTextPublisher: Cambridge : Cambridge University Press, 2010Description: 1 online resource (264 pages) : digital, PDF file(s)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780511778766 (ebook)
Other title:
  • Monopsony in Law & Economics
Additional physical formats: Print version: : No titleDDC classification:
  • 343.73/0721 22
LOC classification:
  • KF1652 .B55 2010
Online resources: Summary: Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to sell to them at lower prices, but this does not mean consumers are better off as a result. This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
No physical items for this record

Title from publisher's bibliographic system (viewed on 04 Apr 2016).

Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to sell to them at lower prices, but this does not mean consumers are better off as a result. This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.

There are no comments on this title.

to post a comment.